Sage Mountain Advisors LLC Increases Position in VanEck High Yield Muni ETF (BATS:HYD)

Sage Mountain Advisors LLC grew its stake in VanEck High Yield Muni ETF (BATS:HYD) by 1,388.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,056 shares of the company’s stock after buying an additional 249,120 shares during the period. VanEck High Yield Muni ETF accounts for 1.0% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Sage Mountain Advisors LLC owned about 0.47% of VanEck High Yield Muni ETF worth $13,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Spire Wealth Management boosted its holdings in shares of VanEck High Yield Muni ETF by 69.6% in the 4th quarter. Spire Wealth Management now owns 475 shares of the company’s stock valued at $25,000 after buying an additional 195 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter valued at $53,000. Farther Finance Advisors LLC boosted its stake in VanEck High Yield Muni ETF by 1,541.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $85,000 after purchasing an additional 1,511 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in VanEck High Yield Muni ETF during the 4th quarter worth $170,000. Finally, EP Wealth Advisors LLC acquired a new stake in VanEck High Yield Muni ETF during the 3rd quarter worth $198,000.

VanEck High Yield Muni ETF Trading Up 1.1 %

Shares of BATS:HYD opened at $51.91 on Tuesday. The firm has a fifty day moving average price of $51.89 and a 200 day moving average price of $52.22. VanEck High Yield Muni ETF has a 1-year low of $50.78 and a 1-year high of $53.10.

VanEck High Yield Muni ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1588 per share. The ex-dividend date was Monday, March 3rd.

VanEck High Yield Muni ETF Profile

The VanEck High Yield Muni ETF (HYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of high-yield, tax-exempt US municipal bonds. HYD was launched on Feb 4, 2009 and is managed by VanEck.